EDP : 9M 2024 better than expected, 2024 guidance reiterated pending the 2025 CMD
>Outperform rating and € 5.95 TP reiterated - The group confirmed its 2024 trajectory after releasing its 9M 2024 results, which came out higher than we and the consensus expected thanks to resilience shown by the low-carbon production and networks activities. We remain at Outperform. Not only are EDP’s fundamentals recovering, which should boost its share price, we also think that it is currently a possible takeover target for a group looking to beef up or take up po...EDP Energias de Portugal is a utility company engaged as a generator, distributor and supplier of electricity in Portugal, and as an electricity generation company and a gas distributor in the Iberian Peninsula. In addition, Co. is a wind power operator with windfarms for energy generation in the Iberian Peninsula, the U.S., Canada, Brazil, France, Belgium, Italy, Poland and Romania and is engaged in developing wind projects in the U.K. Co. is also engaged in generating solar photovoltaic energy in Portugal, Romania and the U.S, and in Brazil it is engaged as an operator in electricity generation. As of Dec 31 2015, Co. had 9.7 million electricity customers and 1.4 million gas customers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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